15718 Fort Island Pl, Sun City Center, FL 33573
4 beds · 3 baths · 1,914 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 15718 Fort Island Place in Cypress Mill! ***Buyers may qualify to assume the current FHA loan with an interest rate of 2.75%! This 4-bedroom, 2.5-bathroom, 1,914 sq ft two-story home is located in the highly sought-after, amenity-rich Cypress Mill community in Sun City Center. Built in 2020 by Lennar, this home features the popular Atlanta floorplan—designed with an open-concept layout that’s perfect for everyday living and entertaining. Recent updates include fresh interior paint, brand-new flooring throughout with no carpet, Samsung appliances, and upgraded light fixtures throughout. The kitchen features light bright cabinetry, granite countertops, a large island, and a walk-in pantry. The living and dining areas open to a fully fenced backyard with an extended brick paver patio, ideal for relaxing or entertaining. A half bathroom is conveniently located on the main floor for guests. Upstairs offers a versatile loft area, a primary suite with walk-in shower, dual sinks, and a large closet, along with three additional bedrooms, a full bath, and an upstairs laundry room. The home also includes an in-wall pest control system and complete window treatments throughout. Cypress Mill residents enjoy resort-style amenities including a large swimming pool, lagoon with dock, clubhouse, fitness center, splash pad, basketball and tennis courts, shaded play areas, walking trails, and a dog park. Located in a non-flood zone, close to top-rated schools, shopping, dining, and with easy access to I-75, this home offers comfort and convenience in one of the area’s most vibrant communities. Don’t miss your chance to own this move-in ready home in Cypress Mill!
Source: STELLAR #TB8376241
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8376241
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.